Will the iGaming Market in Canada See a Boom?
In recent times, the Canadian government has seen fit to lift the ban on online gambling and betting. This long-awaited and long-demanded decision has led to many Canada-based betting sites and online casinos to launch online and has left many wonder whether the Canadian iGaming market will see a rise in popularity. A lot believe that, perhaps, the Canadian market can reach the same level of popularity as their southern counterparts. So, the question is, will the Canadian iGaming market see a huge boom, on the level of the United States’, or is the US going to continue to reign supreme in the North American iGaming market.
Canada’s Legalization of iGaming
It was in 2021 that the first, proverbial, doors were opened for the Canadian iGaming market. The Canadian government saw fit to legalize online sports betting in most of the country, and certain districts went further, by making most of online gambling legal. This development did not come as much of a shock, as it was in the early 2020s that the iGaming market saw a huge rise in esteem around the world.
As we become a lot more connected, humanity is becoming increasingly more “online”, and the gambling industry needs to evolve and adapt to keep up with the demands of most gamblers. This is one of the main reasons that online gambling is seeing such a major boost in popularity. Most punters and gamblers are craving the convenience of being able to place a bet, from any location, whether it be their home, their work, or at a café. And now, gamblers can place their wagers from anywhere they choose, at one of the many casinos online in Canada.
What This Means for the Canadian Gambling Industry?
The first thing we need to understand, is that the Canadian gambling industry is very healthy. Casinos, sportsbooks, and other gambling joints around the country, have always attracted large crowds, and the industry has been consistently earning millions, if not billions.
In 2021, however, the Canadian gambling industry saw an unprecedented rise in popularity, and revenue, earning over 2 billion dollars throughout the year, half of which came from the newly established online gambling sites. Many experts, however, claim that this estimate is a lowball, brought about by the complex province laws that govern Canadian gambling. In other words, it is entirely possible that the Canadian gambling industry is a lot bigger than believed.
In other words, online gambling has attracted quite a lot more people to try their hand at games of chance, or, perhaps it has provided an opportunity for gamblers to engage in their hobby a lot more frequently. Whatever the case may be, online gambling is doing wonders for the Canadian market.
The Future of Canadian Online Gambling
No one can truly say what the future holds, however, if we were to make a fair guess, online gambling has quite the future, not just in Canada, but all over the world. In the 2020s thus far, online gambling has risen in prominence, becoming ever more popular, not just in North America, but in European, African, and Asian countries. It seems that people vastly prefer the convenience of having access to casinos or sportsbooks at their fingertips, over the experience of playing a game of poker face to face.
Though there is a lot to be said for brick-and-mortar casinos and land-based sportsbooks, the facts of the matter seem to spell it out that the future of gambling is online. This is just as true for Canada, as it is for the rest of the world.
